Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,845 members, 7,820,942 topics. Date: Wednesday, 08 May 2024 at 04:21 AM |
Nairaland Forum / Nairaland / General / Business / CBN Officially Devalues Naira (57250 Views)
Has CBN Officially Reduced Interbank Transfer Charges? / CBN Unoficially Devalues Naira / CBN Officially Bans Foreign Currency Cash Deposits In Nigeria (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)
CBN Officially Devalues Naira by oluvick(m): 10:48am On Feb 25, 2015 |
The Central Bank of Nigeria (CBN), has officially devalued the Naira. The devaluation took place overnight, as the Nigerian currency will now trade at an official rate of N199 per US Dollar. More to follow on this story… https://ynaija.com/cbn-officially-devalues-naira/ 2 Likes 3 Shares
|
Re: CBN Officially Devalues Naira by kilokeys(m): 10:52am On Feb 25, 2015 |
officially the price of goods would skyrocket.. 8 Likes 1 Share |
Re: CBN Officially Devalues Naira by TharyeS(m): 11:03am On Feb 25, 2015 |
lirusehn: 66 Likes 4 Shares |
Re: CBN Officially Devalues Naira by thinkdip(m): 11:03am On Feb 25, 2015 |
inflation on the rise. all Is well 10 Likes |
Re: CBN Officially Devalues Naira by Vision4God: 11:03am On Feb 25, 2015 |
Just watching 1 Like 1 Share |
Re: CBN Officially Devalues Naira by Slynonny(m): 11:21am On Feb 25, 2015 |
That's a good one instead of pumping in money to sustain the Naira over the Dollar. Expect APC to campaign with this news. In other news. How you living Mr Ayo Fayose for exposing APC lies and propaganda? Ans: In Mansion and Benzes giving headache to APC and it feels stupendous. How you feeling Mr Femi Fani Kayode for dumping APC? Ans: Am feeling good like never before. APC is dead and is on the news. How do you feel going back to PDP Mr Barcanista? I feel at home. Is been a long time coming and am glad am finally home. Just like the biblical prodigal son i've realised my mistakes and gone back to PDP. In Jonathan we have seen real and positive change. Vote Wisely GEJ 2019 150 Likes 10 Shares |
Re: CBN Officially Devalues Naira by ucheheart(m): 11:38am On Feb 25, 2015 |
What's the difference? Kukuma make it N200 na. 11 Likes 3 Shares |
Re: CBN Officially Devalues Naira by SLIDEwaxie(m): 12:18pm On Feb 25, 2015 |
LoL |
Re: CBN Officially Devalues Naira by Nobody: 12:25pm On Feb 25, 2015 |
Chai Jonathan's government has finished us finally...................................................................... 152 Likes 4 Shares |
Re: CBN Officially Devalues Naira by Wristler: 12:31pm On Feb 25, 2015 |
Hmmm......all is well 1 Like |
Re: CBN Officially Devalues Naira by Adminisher: 12:31pm On Feb 25, 2015 |
This is serious FAILURE by Jonathan. It is going to bite him HARD. Let us remember that we had foreign exchange reserves of $45bn and ECA of $22bb that was further helped by $115/barrel oil price that should have.improved. exchange rate to N70 to.the dollar. Every other OPEC country also built up reserves and developed petrochemical industry. Jonathan did not. At N200 to the dollar most companies will soon laying off workers. All the empty half educated youths praising Jonathan will curse him soon. Shey Buhari is the one you fear now?.You are afraid of Fulani general? Soon you will beg him. 335 Likes 19 Shares |
Re: CBN Officially Devalues Naira by tinkinjow: 12:40pm On Feb 25, 2015 |
Peg the damn thing...ignore all thee free market nonsense until you have enough leverage for exports. 10 Likes 1 Share |
Re: CBN Officially Devalues Naira by Nobody: 12:42pm On Feb 25, 2015 |
HMMMMMMMMMMMMMMMM |
Re: CBN Officially Devalues Naira by Nobody: 12:54pm On Feb 25, 2015 |
Adminisher: anuofia, simple economics you don't know yet you will be typing trash every now and then on topics that are way beyond your mental capacity. demand and supply is what determines price in a free market. have you asked yourself what Nigerians are doing with the US dollar that has made it so scarce that the price is heading north. has it become our legal tender or we are experiencing an artificial scarcity created by those who have an agenda. suddenly in this period of election the dollar is no more available. the naira started losing its value when the abokis gave their brother licence to buy and sell other currencies on the streets.now they are hording it creating panic in the process. we no longer import much of rice we no longer import cement we no longer import much of cars what then is the new line of business that is drying up the available foreign currencies. those who stashed the green back in their house with the hope of releasing them when their candidate wins election are only fooling themselves because they will regret it with the new policy that is coming. that is how they intend to stabilize the naira 134 Likes 13 Shares |
Re: CBN Officially Devalues Naira by agabusta: 12:56pm On Feb 25, 2015 |
Kai, Iweala and Emefiele has totally messed up the economy. Either Buhari or Jonathan wins, we need to do away with Okonjo Iweala. Obasanjo realised she was not that in-tuned to our local economy, that was why he eased her to the ministry of foreign affairs in his 2nd term. 29 Likes 5 Shares |
Re: CBN Officially Devalues Naira by Nobody: 12:57pm On Feb 25, 2015 |
to the layman let me explain. the clueless government didnt foresee that u.s will rely on shale and dump the brent they were too clueless to see it, no doubt about that so they loot and stash, $20 billion? remember? and even more, then the price of crude drop coz america does not need our stuff again so it was hard getting dollars, what needs to be done is to ante up the naira, so america finally says ok, we will give you N200 for now, you cant bring it back down unless you return your stolen money Now what is the stolen money, remember the dubious south africa arms purchase? the same arms that end up with boko haram? so they laundered the cash through firearms purchase. 49 Likes 2 Shares |
Re: CBN Officially Devalues Naira by agabusta: 12:59pm On Feb 25, 2015 |
ucheheart: That N200 mark has a psychological influence on the psyche of the populace, I assume that is why they pegged it at 199 (lay man's assumption). 16 Likes |
Re: CBN Officially Devalues Naira by dallyemmy: 1:01pm On Feb 25, 2015 |
It is part of the transformation agenda 10 Likes 1 Share |
Re: CBN Officially Devalues Naira by Boland(m): 1:05pm On Feb 25, 2015 |
Relax people, Match 28 won't be too late... I'm sure all will fall in place as soon as our New President swears in.... Relax.... Change will definitely change things.. 45 Likes 3 Shares |
Re: CBN Officially Devalues Naira by Nobody: 1:09pm On Feb 25, 2015 |
Time to vote out this bad government. We need change! 40 Likes 1 Share |
Re: CBN Officially Devalues Naira by Nobody: 1:12pm On Feb 25, 2015 |
rhymaster: Go get a life fvcking plunker. 12 Likes |
Re: CBN Officially Devalues Naira by Nobody: 1:13pm On Feb 25, 2015 |
berem: 7 Likes 2 Shares |
Re: CBN Officially Devalues Naira by Nobody: 1:16pm On Feb 25, 2015 |
Keneking:finished us, how? 9 Likes 2 Shares |
Re: CBN Officially Devalues Naira by Bloodydemon: 1:18pm On Feb 25, 2015 |
Keneking: Buhari is a terrorist Apc Is bokoharam Gej till 2019 Buhari oooooooooooooo 29 Likes 3 Shares |
Re: CBN Officially Devalues Naira by karferguso(m): 1:18pm On Feb 25, 2015 |
if dz z true,it is going to be disastrous 3 Likes |
Re: CBN Officially Devalues Naira by stevecantrell: 1:18pm On Feb 25, 2015 |
EURObomber are you related to GEJ ? 4 Likes |
Re: CBN Officially Devalues Naira by Bloodydemon: 1:19pm On Feb 25, 2015 |
12 Likes 1 Share |
Re: CBN Officially Devalues Naira by tunex23: 1:20pm On Feb 25, 2015 |
Corruption everywhere, meanwhile see how Nigerians are suffering for electricity 39 Likes 1 Share
|
Re: CBN Officially Devalues Naira by stevecantrell: 1:23pm On Feb 25, 2015 |
Bloodydemon: Dude you have to look past what you think Buhari is. You need to start see buhari as a means to an end. The end of this government. I can tell you, Buhari will never sit in Aso Rock but for a very short time only. Voting Buhari means GEJ out ! That's all ! 21 Likes 1 Share |
Re: CBN Officially Devalues Naira by kaboninc(m): 1:23pm On Feb 25, 2015 |
oluvick: Old NEWS! This is how you create FALSE news and spread it with so much ZEAL and PASSION. Common sense which is common, you don't have. And people like berem will come here to rant her support for block heads like you. There is no current 'official' rate by either the CBN or YOU. The market has been liberalized, thus allowing demand and supply to determine the exchange rate. There's a window called the [size=15pt]Interbank Window[/size]. CBN has pegged the exchange rate of the dollar from that window. There are so many dynamics going on here but because you appear to be DULL, I should save you the PAIN of understanding! See the peeps above me most of them typing away their intelligence and broadcasting their IGNORANCE of the SUBJECT MATTER. Like that diluminati and Adminisher! 44 Likes 4 Shares |
Re: CBN Officially Devalues Naira by Here2BustnScrew: 1:23pm On Feb 25, 2015 |
berem:pls. what change? 6 Likes |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply)
Rice Seller's N400,000 Turns To Paper In Ogwashi-Ukwu, Delta State (Video) / Ooni Of Ife And Aliko Dangote On A Tour Of Dangote Refinery / Tony Elumelu's Triplets With Toyin Saraki (Photo)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32 |